Jamie Tanner

  • Situation: Previously privately renting
  • Location: West Sussex
  • Date purchased:

It was only thanks to Help to Buy that 43-year old Jamie Tanner was able to break the ‘rental trap’ and get onto the property ladder at Barratt Homes’ Cissbury Chase development in the seaside town of Worthing.

Having previously rented in nearby Brighton where the property market has soared disproportionally in comparison with the local area thanks to an influx of London buyers, construction manager Jamie knew he wasn’t going to be able to afford to buy in the trendy town. Even with the savings he had, looking further afield, a one-bedroom flat was still proving a stretch too far and so for years he continued to rent his two-bedroom apartment costing him around £1,200 a month in rent.

It wasn’t until he found out about Help to Buy at Cissbury Chase in nearby Worthing that he realised that he could actually afford to buy a brand new home – and not just a flat but a three-bedroom house. Thanks to the Government backed Equity Loan scheme which only requires a 5% deposit and provides access to much more affordable mortgage rates, Jamie now also pays more than £200 less a month on his mortgage than he was in rent.

Jamie says: “Although I was really keen to own my own property, I had just resigned myself to the fact that I would have to keep renting as property prices were soaring – and so were the size of deposits needed to keep up. As I was working at the site, I found out about the Help to Buy scheme and how it could help me buy a three-bedroom house with much less upfront cost. I didn’t waste any time applying for the scheme and once I was qualified, I put down my 5% deposit straight away and reserved one of the houses.

“I now pay less on my mortgage every month and get a much bigger property too - it is unbelievable. I love my new home and the fact that it has already increased in value by around £25,000 since I bought it is proof that I have made a good decision.”

Buying at the Barratt Homes Cissbury Chase development in Worthing, Jamie is getting used to not living in trendy Brighton but enjoys only being 20 minutes away for the odd visit.

Jamie adds: "I certainly feel very confident that my house purchase at Cissbury Chase has been a good move and thanks to Help to Buy, I now have a foot firmly on the property ladder.”

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